Arbor Realty Trust : Funds $18.2M Bridge Loan in College Park, GA
November 17, 2020 at 12:07 pm EST
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UNIONDALE, NY (November 17, 2020) - Arbor Realty Trust, Inc. (NYSE:ABR),a leading multifamily and commercial mortgage lender, recently funded a bridge loan in College Park, GA. The 220-unit property received $18.2M in acquisition funding.
Joseph Charneski of Arbor's New York City office originated the deal.
'We were pleased to assist repeat sponsor, Sureste Partners, LP, continue their growth in the metropolitan Atlanta area,' Charneski said. 'This loan provided our borrower with the renovation dollars needed to implement their capital improvement plan and to reposition the property in the marketplace.'
The Life at Avery Park was built in 1970. The pet-friendly complex includes spacious two- and three-bedroom floorplans with granite countertops and stainless steel appliances. Surrounded by lush landscape, the multifamily property features a swimming pool with sun deck and new playground. It is conveniently located with office parks, Hartsfield-Jackson Atlanta International Airport, and public transportation nearby.
About Us
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer. Arbor's product platform also includes CMBS, bridge, mezzanine and preferred equity loans. Rated by Standard and Poor's and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.
The Life at Avery Park - College Park, GA
Joseph Charneski- Vice President, Originations
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Arbor Realty Trust Inc. published this content on 17 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2020 17:06:00 UTC
Arbor Realty Trust, Inc. is a real estate investment trust. The Companyâs segments include Structured Business and Agency Business. Through its Structured Business, it invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental (SFR) and commercial real estate markets, primarily consisting of bridge loans, in addition to mezzanine loans, junior participating interests in first mortgages and preferred and direct equity. It also invests in real estate-related joint ventures and may directly acquire real property and invest in real estate-related notes and certain mortgage-related securities. Through its Agency Business, the Company originates, sells, and services a range of multifamily finance products through Fannie Mae and Freddie Mac, Ginnie Mae, Federal Housing Authority (FHA), and Housing and Urban Development (HUD). It originates, sells, and services a range of multifamily finance products.
ARBOR REALTY TRUST, INC. 
